CASEY'S GENERAL STORES INC (CASY) Stock Fundamental Analysis
NASDAQ:CASY - Nasdaq - US1475281036 - Common Stock - Currency: USD
CASY gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 40 industry peers in the Consumer Staples Distribution & Retail industry. While CASY has a great profitability rating, there are some minor concerns on its financial health. CASY is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
CASY had positive earnings in the past year.
CASY had a positive operating cash flow in the past year.
CASY had positive earnings in each of the past 5 years.
CASY had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 6.93%, CASY is doing good in the industry, outperforming 74.36% of the companies in the same industry.
With a decent Return On Equity value of 16.03%, CASY is doing good in the industry, outperforming 69.23% of the companies in the same industry.
With a decent Return On Invested Capital value of 8.83%, CASY is doing good in the industry, outperforming 76.92% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for CASY is in line with the industry average of 8.35%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.93% | ||
| ROE | 16.03% | ||
| ROIC | 8.83% |
ROA(3y)7.2%
ROA(5y)7.06%
ROE(3y)16.21%
ROE(5y)16.18%
ROIC(3y)9.35%
ROIC(5y)9.44%
1.3 Margins
Looking at the Profit Margin, with a value of 3.57%, CASY belongs to the top of the industry, outperforming 89.74% of the companies in the same industry.
In the last couple of years the Profit Margin of CASY has grown nicely.
Looking at the Operating Margin, with a value of 5.11%, CASY belongs to the top of the industry, outperforming 89.74% of the companies in the same industry.
In the last couple of years the Operating Margin of CASY has grown nicely.
The Gross Margin of CASY (23.36%) is comparable to the rest of the industry.
CASY's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.11% | ||
| PM (TTM) | 3.57% | ||
| GM | 23.36% |
OM growth 3Y-2.59%
OM growth 5Y7.28%
PM growth 3Y-2.06%
PM growth 5Y9.14%
GM growth 3Y-5.93%
GM growth 5Y1.51%
2. Health
2.1 Basic Checks
CASY has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
CASY has less shares outstanding than it did 1 year ago.
The number of shares outstanding for CASY has been increased compared to 5 years ago.
CASY has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 4.98 indicates that CASY is not in any danger for bankruptcy at the moment.
CASY has a Altman-Z score of 4.98. This is in the better half of the industry: CASY outperforms 74.36% of its industry peers.
CASY has a debt to FCF ratio of 6.67. This is a slightly negative value and a sign of low solvency as CASY would need 6.67 years to pay back of all of its debts.
With a Debt to FCF ratio value of 6.67, CASY perfoms like the industry average, outperforming 56.41% of the companies in the same industry.
A Debt/Equity ratio of 0.74 indicates that CASY is somewhat dependend on debt financing.
CASY has a Debt to Equity ratio of 0.74. This is comparable to the rest of the industry: CASY outperforms 43.59% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 6.67 | ||
| Altman-Z | 4.98 |
ROIC/WACC1.04
WACC8.45%
2.3 Liquidity
CASY has a Current Ratio of 0.88. This is a bad value and indicates that CASY is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of CASY (0.88) is worse than 76.92% of its industry peers.
A Quick Ratio of 0.49 indicates that CASY may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.49, CASY is in line with its industry, outperforming 43.59% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.49 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 13.80% over the past year.
CASY shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 19.50% yearly.
CASY shows a small growth in Revenue. In the last year, the Revenue has grown by 2.60%.
Measured over the past years, CASY shows a quite strong growth in Revenue. The Revenue has been growing by 9.71% on average per year.
EPS 1Y (TTM)13.8%
EPS 3Y16.93%
EPS 5Y19.5%
EPS Q2Q%14.39%
Revenue 1Y (TTM)2.6%
Revenue growth 3Y19.51%
Revenue growth 5Y9.71%
Sales Q2Q%-2.89%
3.2 Future
The Earnings Per Share is expected to grow by 11.33% on average over the next years. This is quite good.
The Revenue is expected to grow by 5.66% on average over the next years.
EPS Next Y7.05%
EPS Next 2Y10.9%
EPS Next 3Y11.03%
EPS Next 5Y11.33%
Revenue Next Year7.88%
Revenue Next 2Y8.99%
Revenue Next 3Y7.37%
Revenue Next 5Y5.66%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
CASY is valuated quite expensively with a Price/Earnings ratio of 28.26.
CASY's Price/Earnings ratio is in line with the industry average.
CASY's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 29.63.
The Price/Forward Earnings ratio is 24.55, which indicates a rather expensive current valuation of CASY.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CASY is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.68, CASY is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.26 | ||
| Fwd PE | 24.55 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as CASY.
The rest of the industry has a similar Price/Free Cash Flow ratio as CASY.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 37.09 | ||
| EV/EBITDA | 15.8 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
CASY has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)4.01
PEG (5Y)1.45
EPS Next 2Y10.9%
EPS Next 3Y11.03%
5. Dividend
5.1 Amount
With a yearly dividend of 0.48%, CASY is not a good candidate for dividend investing.
CASY's Dividend Yield is a higher than the industry average which is at 2.53.
With a Dividend Yield of 0.48, CASY pays less dividend than the S&P500 average, which is at 2.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.48% |
5.2 History
The dividend of CASY is nicely growing with an annual growth rate of 8.52%!
CASY has been paying a dividend for at least 10 years, so it has a reliable track record.
CASY has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)8.52%
Div Incr Years25
Div Non Decr Years34
5.3 Sustainability
12.54% of the earnings are spent on dividend by CASY. This is a low number and sustainable payout ratio.
The dividend of CASY is growing, but earnings are growing more, so the dividend growth is sustainable.
DP12.54%
EPS Next 2Y10.9%
EPS Next 3Y11.03%
405.59
-14.95 (-3.55%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupConsumer Staples Distribution & Retail
GICS IndustryConsumer Staples Distribution & Retail
Earnings (Last)
Earnings (Next)
Inst Owners89.61%
Inst Owner Change-0.13%
Ins Owners0.5%
Ins Owner Change-3.36%
Market Cap15.06B
Analysts78.18
Price Target449.86 (10.91%)
Short Float %2.87%
Short Ratio4.02
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.48% |
Yearly Dividend1.69
Dividend Growth(5Y)8.52%
DP12.54%
Div Incr Years25
Div Non Decr Years34
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.72%
Min EPS beat(2)4.69%
Max EPS beat(2)10.74%
EPS beat(4)4
Avg EPS beat(4)13.89%
Min EPS beat(4)4.69%
Max EPS beat(4)33.31%
EPS beat(8)7
Avg EPS beat(8)12.63%
EPS beat(12)10
Avg EPS beat(12)11.52%
EPS beat(16)13
Avg EPS beat(16)10.07%
Revenue beat(2)0
Avg Revenue beat(2)-3.51%
Min Revenue beat(2)-3.71%
Max Revenue beat(2)-3.31%
Revenue beat(4)1
Avg Revenue beat(4)-3.28%
Min Revenue beat(4)-7.55%
Max Revenue beat(4)1.44%
Revenue beat(8)1
Avg Revenue beat(8)-2.94%
Revenue beat(12)1
Avg Revenue beat(12)-2.46%
Revenue beat(16)4
Avg Revenue beat(16)-1.41%
PT rev (1m)0.7%
PT rev (3m)2.82%
EPS NQ rev (1m)-24.15%
EPS NQ rev (3m)-23.8%
EPS NY rev (1m)-1.34%
EPS NY rev (3m)-1.84%
Revenue NQ rev (1m)-2.66%
Revenue NQ rev (3m)1.76%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.51%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.26 | ||
| Fwd PE | 24.55 | ||
| P/S | 1.01 | ||
| P/FCF | 37.09 | ||
| P/OCF | 15.63 | ||
| P/B | 4.51 | ||
| P/tB | 5.62 | ||
| EV/EBITDA | 15.8 |
EPS(TTM)14.35
EY3.54%
EPS(NY)16.52
Fwd EY4.07%
FCF(TTM)10.94
FCFY2.7%
OCF(TTM)25.95
OCFY6.4%
SpS403.39
BVpS89.91
TBVpS72.2
PEG (NY)4.01
PEG (5Y)1.45
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.93% | ||
| ROE | 16.03% | ||
| ROCE | 11.57% | ||
| ROIC | 8.83% | ||
| ROICexc | 9.32% | ||
| ROICexgc | 10.42% | ||
| OM | 5.11% | ||
| PM (TTM) | 3.57% | ||
| GM | 23.36% | ||
| FCFM | 2.71% |
ROA(3y)7.2%
ROA(5y)7.06%
ROE(3y)16.21%
ROE(5y)16.18%
ROIC(3y)9.35%
ROIC(5y)9.44%
ROICexc(3y)9.84%
ROICexc(5y)9.96%
ROICexgc(3y)11.53%
ROICexgc(5y)11.19%
ROCE(3y)12.26%
ROCE(5y)12.49%
ROICexcg growth 3Y5.72%
ROICexcg growth 5Y8.62%
ROICexc growth 3Y2.21%
ROICexc growth 5Y6.53%
OM growth 3Y-2.59%
OM growth 5Y7.28%
PM growth 3Y-2.06%
PM growth 5Y9.14%
GM growth 3Y-5.93%
GM growth 5Y1.51%
F-Score5
Asset Turnover1.94
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 6.67 | ||
| Debt/EBITDA | 2.16 | ||
| Cap/Depr | 149.69% | ||
| Cap/Sales | 3.72% | ||
| Interest Coverage | 11.67 | ||
| Cash Conversion | 84.7% | ||
| Profit Quality | 75.87% | ||
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.49 | ||
| Altman-Z | 4.98 |
F-Score5
WACC8.45%
ROIC/WACC1.04
Cap/Depr(3y)136.34%
Cap/Depr(5y)150.04%
Cap/Sales(3y)3.06%
Cap/Sales(5y)3.81%
Profit Quality(3y)100.18%
Profit Quality(5y)88.24%
High Growth Momentum
Growth
EPS 1Y (TTM)13.8%
EPS 3Y16.93%
EPS 5Y19.5%
EPS Q2Q%14.39%
EPS Next Y7.05%
EPS Next 2Y10.9%
EPS Next 3Y11.03%
EPS Next 5Y11.33%
Revenue 1Y (TTM)2.6%
Revenue growth 3Y19.51%
Revenue growth 5Y9.71%
Sales Q2Q%-2.89%
Revenue Next Year7.88%
Revenue Next 2Y8.99%
Revenue Next 3Y7.37%
Revenue Next 5Y5.66%
EBIT growth 1Y11.45%
EBIT growth 3Y16.41%
EBIT growth 5Y17.69%
EBIT Next Year73.29%
EBIT Next 3Y28.72%
EBIT Next 5Y19.64%
FCF growth 1Y-7.55%
FCF growth 3Y0.74%
FCF growth 5Y22.24%
OCF growth 1Y17.55%
OCF growth 3Y3.56%
OCF growth 5Y10.97%